India is a ‘slow trundling elephant’ but a viable alternative to China, says veteran investor David Roche
Publishing timestamp: 2023-10-22 23:25:19
Summary
Veteran investor David Roche believes that India is a viable alternative to China and could become the world's second-largest economy by 2075. He suggests that India stands to benefit from the decline in attractiveness of China for foreign direct investment and portfolio flows. However, he also warns that the perception of money flowing into India may exceed reality. The article also mentions the optimism surrounding India's growth story and the interest of global companies in moving their manufacturing facilities to the country. Despite this, Roche believes that companies won't entirely exit China in the near future.
Sentiment: MIXED
Keywords: china, asia economy, alphabet inc, business news, india, investment strategy,